- USD/TRY is currently trading at 3.0259 levels.
- It made intraday high at 3.0268 and low at 3.0095 levels.
- Intraday bias remains bullish till the time pair holds key support at 3.0085 marks.
- A sustained close below 3.0085 mark will drag the parity down towards key supports around 2.9725, 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
- On the other side, key resistance levels are seen at 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
We prefer to take long position in USD/TRY around 3.02, stop loss 3.0085 and target 3.0479.
